Ethereum (ETH) Price Prediction: Can ETH Hit $3.5K This Week?

The market showed signs of a comeback after the Ethereum ETFs were approved by the SEC. Over the past weekend, the crypto market experienced a robust positive turnaround.

After the SEC approved Ethereum ETFs, the market showed signs of a comeback. The crypto market experienced a robust positive turnaround over the past weekend, leading to top tokens showing notable uptrends in their portfolios. This surge hints at a potentially optimistic outlook for these tokens in the coming week.

However, Ethereum has struggled to regain its footing since its launch of the Ethereum ETF. Its price has remained largely stagnant and is persistently battling to settle above the $3.3K mark. With the market’s bullish momentum, the next steps for Ethereum are left to be seen.

Ethereum Price Action

ETH has managed to regain some ground this week, recovering by over 3.16% on the 24-hour chart after showing a 3.65% market correction last week. This has brought the ETH token up to a valuation of $3,376 at the moment.

This uptick has also impacted ETH’s market cap, pushing it up by 3.20% to the $403 billion market.

On the other hand, its trading volume tells a different tale, dropping by 13.83% to $12.68 billion. This could indicate a potential decrease in Ethereum’s trading activity in the short term, as investors may be holding off on making significant moves until there is more clarity on the market direction.

Can ETH Price Hit $3.5K?

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